LEGISLATIVE DEMOCRATS ANNOUNCE COMMUNITY BENEFITS AGREEMENT FOR LAS VEGAS STADIUM PROJECT

FOR IMMEDIATE RELEASE

October 27, 2016

LEGISLATIVE DEMOCRATS ANNOUNCE COMMUNITY BENEFITS AGREEMENT FOR LAS VEGAS STADIUM PROJECT

LAS VEGAS - Today, Senate Democratic Leader Aaron D. Ford, Assembly Democratic Leaders, and Democratic legislators joined representatives of the Adelson Family to announce a Community Benefits Agreement for the Las Vegas Stadium Project. The agreement, which will be formalized at a later date, will ensure that the benefits of the stadium are felt by a diverse population. It will also lead to a more than substantial additional investment in community programs.

“This Community Benefits Agreement is the best of its kind anywhere in the country, and it will be a model for future public-private partnerships nationwide,” said Senator Ford. “The principles that the stadium operators have agreed on are a bold step to ensure that the entire community benefits from the significant public investment in the stadium project. I would like to thank everyone who contributed to making this agreement possible.”

Senator Kelvin Atkinson, who was instrumental in the process, added: "I am pleased to be able to ensure that all Nevadans will benefit from the opportunities arising out of the stadium development. I look forward to final consummation of the CBA."

Highlights of the Community Benefit Agreement include:

  • Youth recreation facility and programs targeted towards at-risk youth
  • Community impact grants providing substantial financial investments in traditionally underserved communities for the life of the stadium
  • An agreement that jobs created through stadium operations will pay a living wage and a project labor agreement for the construction of the stadium and related infrastructure improvements
  • Investments in workforce development and job training to help Nevadans learn the skills needed for jobs created at the new stadium
  • Hiring goals for diverse populations, including low-income Nevadans, minorities, individuals with disabilities, veterans, the LGBT community, and ex-offenders
  • Opportunities for minority, women, and veteran-owned certified business enterprises

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